Is Buying Ritchie Bros. Auctioneers Here a Winning Strategy?


The stock of Ritchie Bros. Auctioneers (TSE:RBA) is a huge mover today! About 135,493 shares traded hands. Ritchie Bros. Auctioneers (TSE:RBA) has risen 36.94% since February 5, 2016 and is uptrending. It has outperformed by 20.45% the S&P500.
The move comes after 5 months positive chart setup for the $4.72 billion company. It was reported on Sep, 13 by We have $66.23 PT which if reached, will make TSE:RBA worth $2.41 billion more.

Out of 2 analysts covering Ritchie Bros. Auctioneers (TSE:RBA), 1 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 50% are positive. $26 is the highest target while $26 is the lowest. The $26 average target is -40.72% below today’s ($43.86) stock price. Ritchie Bros. Auctioneers has been the topic of 3 analyst reports since August 11, 2016 according to StockzIntelligence Inc.

Ritchie Bros. Auctioneers Incorporated is a holding company. The company has a market cap of $4.72 billion. The Firm is an auctioneer of industrial equipment. It has a 26.66 P/E ratio. The Firm is engaged in selling industrial equipment and other assets for the construction, agricultural, transportation, energy, mining, forestry, material handling, marine and real estate industries at its unreserved auctions and online marketplaces.

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